Real Estate

Estate Agents’ Expectations Moderately Optimistic at the Start of the Year Estate agents are moderately optimistic as the year begins. On the one hand, they expect to sell more homes, while on the other, some admit that the number of rented properties is likely to remain the same. And what about prices? The majority of property professionals surveyed by idealista believe that house prices will...

The Government is set to cut €391.3 million in funding allocated to housing under the Recovery and Resilience Plan (PRR), as part of a budget reprogramming to be presented in Brussels. The measure, announced by the Secretary of State for Planning and Regional Development, Hélder Reis, is driven by rising construction costs and the limited timeframe for project execution. Despite the budget...

The Minister for Infrastructure and Housing, Miguel Pinto Luz, reiterated on Wednesday (January 22, 2025) that the government is “completely open to having a serious discussion” about the land law, expressing a willingness to “adapt and improve it.” Speaking during a parliamentary hearing requested by the Left Bloc (BE) to address changes to the Legal Framework for Territorial Management...

Portugal ranked as the 7th European country with the highest increase in housing prices in 2024, according to the European Residential Report, published by BNP Paribas Real Estate in collaboration with Worx Real Estate Consultants. Across Europe, residential prices rose by an average of 2.9% in the second quarter of 2024, with 21 out of the 30 countries analyzed reaching new record highs. In addition...

The availability of land suitable for building affordable housing in Portugal is anticipated to increase soon, following municipal efforts to rezone rural land into urban plots. However, the new land law, while aiming to regulate housing prices, does not impose any caps on the cost of rural land. This has led real estate experts consulted by idealista/news to voice concerns that the rezoning of rural land...

Luis de Guindos, Vice-President of the European Central Bank, confirms the trajectory of interest rate cuts as inflation aligns with targets. Learn about recent decisions and market expectations for 2025. The Vice-President of the European Central Bank (ECB), Luis de Guindos, stated during an event organised by the Madrid Business Forum that no one knows "what the end" of the current monetary policy...

The AGCP office, which supports foreign investors in establishing themselves in Portugal, has recorded a 50% increase in interest from North Americans, particularly those coming from California. “Many are looking for a plan B, whether to relocate permanently or obtain a residence permit, particularly the Golden Visa, which gives them the freedom to leave if they feel the need,” stated co-founder...

Simplex Speeds Up Housing Licences In the first ten months of the year, from January to October, 28,004 homes were licensed in Portugal, 0.7% more than in the same period last year. This surge in new housing licences coincides with the implementation of the "Simplex" urban planning licensing reform—Decree-Law No. 10/2024—which was rolled out in two phases: some measures took effect in January, and...

With shifting lifestyle preferences and evolving real estate market trends, Portugal’s Silver Coast, located between Lisbon and Porto, has emerged as a top destination for homebuyers and property investors alike. Portugal: A Real Estate HotspotPortugal has long been a favorite among international buyers seeking holiday homes, investment properties, or a fresh start. Prime locations such as Lisbon and...

In 2024, there has been a noticeable increase in the number of rental agreements in Portugal. However, the supply of rental properties remains insufficient to meet the high demand. Against this backdrop, rental prices rose by 4.9% in November compared to the same month last year. As a result, the median cost of renting a home reached €16.1 per square meter (€/m²) by the end of November this year,...